Employee Benefits

Distribution

AIA Gen3 (II)

Life Protection

Period

Whole Life

Issue Age

0 - 60 years old

Currency

S$

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WHAT THIS PRODUCT IS ABOUT

AIA Gen3 (II) enables you to build a sizeable nest-egg that will last until the 3rd generation, while distributing guaranteed coupon payments along the way to spend as you wish. As a result, your loved ones could enjoy returns on your wise financial planning beyond your lifetime.

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what does it provide?

BENEFITS FOR YOUR DESCENDANTS

BENEFITS FOR YOUR DESCENDANTS

This plan can potentially benefit 3 generations. By insuring your child under this plan, you can receive a lifetime of coupons and potential dividends while your child receives life protection up to the age of 100, and your future grandchildren will receive the eventual death benefit when your child is no longer around.

GUARANTEED ANNUAL COUPON PAYMENTS

GUARANTEED ANNUAL COUPON PAYMENTS

You will receive annual guaranteed coupon payments equal to 2.25% of the coverage amount from the 10th policy year onwards. Spend the money as you wish, use it to pay your premiums or leave it with us to accumulate interest.

FLEXIBLE USE OF DIVIDENDS TO MEET YOUR UNIQUE NEEDS

FLEXIBLE USE OF DIVIDENDS TO MEET YOUR UNIQUE NEEDS

You may begin earning annual dividends after the 2nd policy year. Spend the money as you wish, use it to pay your premiums or leave it with us to accumulate interest. A terminal dividend may also be paid when you make a claim, choose to stop the policy or when the policy ends.

LIMITED PAYMENTS FOR A LIFETIME OF PROTECTION

LIMITED PAYMENTS FOR A LIFETIME OF PROTECTION

You can make your payments in 10 or 25 years depending on your budget. Choose a shorter term to complete your payments earlier or a longer term to make payments in smaller denominations. Even after you have completed your payments, you will continue to enjoy life protection all the way to the age of 100.

PREMIUM WAIVER

PREMIUM WAIVER

You won’t have to make future payments if you are disabled before the age of 70.

insurance lingo explained

What do we mean by coupon?

It usually refers to a guaranteed cash sum which is paid out on a regular basis during the duration of the policy.

DO YOU WANT ADDITIONAL PEACE OF MIND?

Additional options are available for you to customise your cover to make sure it suits your individual needs.

CRITICAL ILLNESS PROTECTION

Add on Secure Critical Rider to cover the major stages of critical illnesses, death and disability.

CRITICAL ILLNESS PREMIUM WAIVER

Add on Critical Protector Waiver of Premium so you won’t have to worry about making your payments should a critical illness strike. Let us take care of it.

LIFE PROTECTION

Add on Secure Term Plus (II) to provide additional cover for death, terminal illness and disability (optional) at an affordable premium.

THE FINE PRINT

the terms and conditions at a glance

Annual dividend and terminal dividend (if any) are non-guaranteed and will depend on the performance of the participating fund. Once credited to the policy, annual dividends (if any) form part of the guaranteed benefits of the policy. Terminal dividend is a one-time, non-guaranteed, discretionary dividend that may be payable when you make a claim, choose to stop the policy or when the policy ends.

DETAILED TERMS AND CONDITIONS

EXCLUSIONS

Things that you won't be able to claim from this policy

There are certain conditions such as suicide within 1 year from the policy issue date or reactivated date (whichever is later), for which no benefits will be payable. Please refer to the policy contract for the full list of exclusions.

deferment period

A deferment period applies for premium waiver of your policy upon total and permanent disability. Please refer to the policy contract for details.

IMPORTANT NOTES

This insurance plan is underwritten by AIA Singapore Private Limited (Reg. No. 201106386R) (“AIA”). All insurance applications are subject to AIA’s underwriting and acceptance. This is not a contract of insurance. The precise terms and conditions of this plan, including exclusions whereby the benefits under your policy may not be paid out, are specified in the policy contract. You are advised to read the policy contract.

Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.